MJ Orthopedics: what changed
MJ Orthopedics
Largest movements
- Intangible fixed assets -€18,000
down €18,000 (-25.7%), from €69,930 to €51,930
- Cash -€17,125
down €17,125 (-17.7%), from €96,766 to €79,641
mainly Other debts (-€22,763) and Current portion of long-term debt (-€12,088)
- Tangible fixed assets -€4,794
down €4,794 (-17.4%), from €27,520 to €22,725
of which Furniture and vehicles: -€5,060
- Other debts -€22,763
down €22,763 (-27.4%), from €82,964 to €60,201
- Current portion of long-term debt -€12,088
down €12,088 (-80.2%), from €15,074 to €2,987
- Tax, wage and social debts -€5,165
down €5,165 (-63.5%), from €8,134 to €2,969
- Reserves +€4,199
up €4,199 (+5.0%), from €84,277 to €88,476
of which Distributable reserves: +€4,199
- Debts after one year -€2,987
down €2,987 (-26.5%), from €11,268 to €8,281
- Gross operating margin +€6,250
up €6,250 (+21.3%), from €29,356 to €35,605
- Taxes +€2,057
up €2,057 (+129%), from €1,589 to €3,647
- Depreciation +€1,270
up €1,270 (+5.3%), from €24,057 to €25,326
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,826 | €176,028 | -€38,798 | -18.1% |
| Fixed assets | 21/28 | €97,450 | €74,655 | -€22,794 | -23.4% |
| Intangible fixed assets | 21 | €69,930 | €51,930 | -€18,000 | -25.7% |
| Tangible fixed assets | 22/27 | €27,520 | €22,725 | -€4,794 | -17.4% |
| Plant, machinery and equipment | 23 | €6,014 | €6,280 | +€266 | +4.4% |
| Furniture and vehicles | 24 | €21,506 | €16,446 | -€5,060 | -23.5% |
| Current assets | 29/58 | €117,376 | €101,373 | -€16,004 | -13.6% |
| Amounts receivable within one year | 40/41 | €9,269 | €9,269 | = | 0.0% |
| Other amounts receivable | 41 | €9,269 | €9,269 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,766 | €79,641 | -€17,125 | -17.7% |
| Deferred charges and accrued income | 490/1 | €11,341 | €12,462 | +€1,121 | +9.9% |
| Total equity and liabilities | 10/49 | €214,826 | €176,028 | -€38,798 | -18.1% |
| Equity | 10/15 | €96,677 | €100,876 | +€4,199 | +4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €84,277 | €88,476 | +€4,199 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,417 | €86,616 | +€4,199 | +5.1% |
| Amounts payable | 17/49 | €118,149 | €75,152 | -€42,997 | -36.4% |
| Amounts payable after more than one year | 17 | €11,268 | €8,281 | -€2,987 | -26.5% |
| Financial debts | 170/4 | €11,268 | €8,281 | -€2,987 | -26.5% |
| Amounts payable within one year | 42/48 | €106,881 | €66,871 | -€40,011 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €15,074 | €2,987 | -€12,088 | -80.2% |
| Trade debts | 44 | €708 | €714 | +€6 | +0.8% |
| Suppliers | 440/4 | €708 | €714 | +€6 | +0.8% |
| Taxes, remuneration and social security | 45 | €8,134 | €2,969 | -€5,165 | -63.5% |
| Taxes | 450/3 | €8,134 | €2,969 | -€5,165 | -63.5% |
| Other amounts payable | 47/48 | €82,964 | €60,201 | -€22,763 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,057 | €25,326 | +€1,270 | +5.3% |
| Other operating charges | 640/8 | €1,980 | €1,684 | -€296 | -15.0% |
| Gross operating margin | 9900 | €29,356 | €35,605 | +€6,250 | +21.3% |
| Operating profit (loss) | 9901 | €3,319 | €8,595 | +€5,276 | +159% |
| Financial charges | 65/66B | €772 | €749 | -€23 | -3.0% |
| Recurring financial charges | 65 | €772 | €749 | -€23 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €2,547 | €7,846 | +€5,299 | +208% |
| Income taxes | 67/77 | €1,589 | €3,647 | +€2,057 | +129% |
| Profit (loss) for the period | 9904 | €957 | €4,199 | +€3,242 | +339% |
| Profit (loss) for the period to be appropriated | 9905 | €957 | €4,199 | +€3,242 | +339% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.